Samsung, LG Phones See Below-Average Growth in Q1

Apple and China's Huawei posted better-than-expected results in the global mobile phone market in the first quarter of this year, while Samsung and LG grew less than the market average.

According to Strategy Analytics on Wednesday, the global mobile phone market grew 9.4 percent on-year to 408 million units in the three-month period, with smartphones accounting for around 70 percent or 285 million units.

Samsung held on to the top spot with a 28 percent market share. It posted six percent growth by selling 113 million phones, while LG sold 16.4 million units with a growth rate of 1.2 percent. Their less-than-average performances is being attributed to strong competition from cheap phone makers.